WSJ Details Evil Umpire Downfall with Rehash of MN AG Allegations

The other day, purely on a lark, the Wall Street Journal landed in my lap. Lo and behold, the venerable business paper re-detailed the Minnesota State Attorney General Lori Swanson's allegations against the National Arbitration Forum. Her action resulted in the Forum agreeing to pull out of credit card arbitration nationwide.

Some new tidbits emerged from the Journal's writeup. Notably, the uncharged hedge fund manager "New York financier J. Michael Cline" went on safari to save tigers, and funded successful dotcoms.

The final paragraphs in the Journal's page 1 story quotes a Houston-area arbitrator James Carmody, who concluded the "...vast majority of cases the credit-card company wins because in the vast majority of cases, the person ran up the debt on the card."



We're sorry Mr. Carmody, but that is not the law. Arbitrators are supposed to follow the law, just like everyone else. If you don't like the law, then change it by way of legislation. And we're happy you're not stamping Arbitration Awards anymore for the National Arbitration Forum.